PADUCAH, Ky., Sept. 15, 2016 – The Community Bankers Association of Illinois (CBAI) has endorsed WatchDOG® Elite SmartRisk IQ from Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions. SmartRisk IQ offers bankers a comprehensive enterprise risk management solution that allows them to evaluate all the risk areas defined by regulators. And exclusively for CBAI members, access to the solution will be delivered through CSI’s Secure Connect, a robust portal solution, which also is endorsed and utilized by CBAI.
Based on real-time snapshots of a bank’s risk profile enterprisewide, CSI SmartRisk IQ delivers the tools and insights necessary for institutions to make confident decisions regarding effective risk strategies. The solution collects, stores, analyzes, scores and reports on comprehensive risk data from across the institution. Users also have access to CSI’s regulatory experts to help reduce time spent on managing compliance.
“With increased regulatory pressure among today’s financial institutions, SmartRisk IQ provides a comprehensive, seamless solution that gives Illinois bankers insight into current risk exposure,” said Kevin Beckemeyer, CBAI’s chairman. “We are pleased to endorse SmartRisk IQ as a solution to help our members manage risk enterprisewide and better engage both senior management and board members on mitigating risk exposure.”
Through both technology and service, SmartRisk IQ helps reduce the cost of managing bank regulatory compliance, engage the management, and inform the board about possible risks and opportunities. Additionally, to help institutions fulfill examiner expectations and best understand their current risk, SmartRisk IQ measures institutions against the eight key risk categories outlined by the OCC: compliance, credit, interest rate, liquidity, operational, price, reputation, and strategic.
Additional benefits of SmartRisk IQ include:
- Quick and easy assessment with pre-loaded questionnaires and smart content
- Advanced risk calculations to inform risk decisions
- Simplified storage of attachments and notes to prove compliance
- In-depth reporting
- Easy sharing of assessments to the institution’s board
Additionally, CSI Secure Connect leverages proven technology that can serve institutions as a board portal and loan committee portal, as well as provide a secure platform for staff communication and collaboration. The portal solution further simplifies the process of securely accessing, sharing and utilizing data across all organizational levels. Since Secure Connect facilitates secure communication for various audiences throughout the organization, the solution increases productivity and decreases costs while maximizing overall communication in multiple ways.
“Community banks consistently pursue solutions catered to simplifying the various regulatory procedures required to effectively operate their institutions,” said Paul Koziarz, president of CSI Regulatory Compliance. “CSI’s robust suite of solutions and services not only streamline these complicated processes for today’s community banks, but also provide the functionality they need to remain competitive with the industry’s largest institutions.”
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, regulatory compliance and treasury management solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
About Community Bankers Association of Illinois
Formed in 1974, Community Bankers Association of Illinois (CBAI) is the state’s largest banking trade organization, exclusively representing nearly 400 Illinois financial institutions and 150 associate members. Based in Springfield, CBAI is dedicated to keeping community banks competitive for the benefit of its customers and the communities it serves through delivery of quality education, effective political representation, and essential products and services. For details, visit http://www.cbai.com.